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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h −0.001%
Price spread now: Bullet against Polymarket Perps−0.321%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Polymarket PerpsShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bullet is 0.321% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.321% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 6.1 days of funding at the current rate (+$5 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TAO-USD323.840.0100pay 0.0013% / 1h26m 29s$87K$792K5x
ShortBullet TAO-USD322.800.0276get 0.0035% / 1h26m 29s$12K$18K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Polymarket Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$37.01
Price spread: −0.321% → 0.000%
−$32.11
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$11.1
Costs to cover
0.160%
Break-even
9.1 days
Slippage unknown: Polymarket Perps: live order book, 36 min ago; Bullet: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 36 min ago1.42 bp9.5 bp −$1014.0 bp −$140doesn't fitdoesn't fit
Sell Bullet no order-book sample—————
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.5583%1h316.49−2.270%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h323.00−0.259%$129K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h322.43−0.435%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h324.09+0.077%$34K$676K20xas long as short
Binance TAOUSDT+0.0100%4h324.04+0.062%$94.7M$479.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h323.90+0.019%$26.7M$120.1M50xas long as short
Gate TAO_USDT+0.0100%4h323.20−0.198%$13.3M$49.8M50xas long as short
MEXC TAO_USDT+0.0100%4h323.47−0.114%$100.5M$141.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h323.35−0.151%$18.1M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h323.53−0.096%$36.2M$54.6M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h323.11−0.227%$36K$301K10xas long as short
Polymarket Perps TAO-USDlong+0.0100%1h323.84long leg$87K$792K5x
SunX TAO-USDT+0.0100%4h322.61−0.380%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h322.86−0.303%$131K$482K20xas long as short
Phemex TAOUSDT+0.0100%4h323.00−0.259%$3.5M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h322.96−0.271%$177K$9983xas long as short
Orderly PERP_TAO_USDC+0.0115%4h322.75−0.337%$58K$282K10xas long as short
Katana Perps TAO-USD+0.0119%8h323.99+0.046%$689$776K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0160% / S +0.0126%1h322.37−0.455%$447K—100xas long as short
Kraken Futures PF_TAOUSD+0.0243%1h322.76−0.335%$5.7M$20.6M50xas long as short
GRVT TAO_USDT_Perp+0.0254%4h323.03−0.250%$536K$964K10xas long as short
Bullet TAO-USDshort+0.0276%1h322.80−0.321%$12K$18K20x
Paradex TAO-USD-PERP+0.0302%8h323.59−0.077%$15K$1K10xas long as short
BloFin TAO-USDT+0.0340%4h323.71−0.040%$4.6M$11.4M100xas long as short
Aster TAOUSDT+0.0371%4h323.47−0.113%$1.1M$9.6M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0429%1h322.73−0.342%$21K$1.6M25xas long as short
Pacifica TAO+0.0448%1h323.52−0.097%$383K$402K10xas long as short
Phoenix TAO+0.0504%1h324.30+0.142%$339K$707K5xas long as short
Arcus TAO-USD+0.0509%1h324.29+0.139%$101K$487K5xas long as short
Bybit TAOUSDT+0.0546%4h324.23+0.120%$71.0M$143.7M50xas long as short
BingX TAO-USDT+0.0558%4h323.78−0.019%—$30.3M—as long as short
Nado TAO-PERP+0.0575%1h323.90+0.018%$793K$2.2M10xas long as short
Reya TAORUSDPERP+0.0696%1h323.67−0.054%$372—20xas long as short
ApeX Omni TAOUSDT+0.0723%1h323.82−0.006%$48K$253K50xas long as short
01 Exchange TAOUSD+0.0768%1h324.51+0.207%$3K$4K5xas long as short
Extended TAO-USD+0.0840%1h323.85+0.002%$949K$2.3M25xas long as short
Variational Omni TAO+0.0868%4h323.85+0.003%$6.0M$9.8M—as long as short
Lighter TAO+0.0912%1h323.78−0.018%$1.6M$6.3M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h324.38+0.167%$1.5M$6.8M50xas long as short
Backpack TAO_USDC_PERP+0.1062%1h323.48−0.111%$445K$860K10xas long as short
RISEx TAO/USDC+0.1159%1h324.16+0.099%$468K$647K5xas long as short
Hyperliquid TAO+0.1252%1h324.06+0.068%$102.0M$99.1M5xas long as short
Injective TAO/USDC PERP+0.4172%1h323.37−0.145%$24K$2K12xas long as short